Woodley Farra Manion Portfolio Management Inc. Has $37.80 Million Stock Position in NextEra Energy, Inc. $NEE

Woodley Farra Manion Portfolio Management Inc. trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 500,768 shares of the utilities provider’s stock after selling 11,306 shares during the period. NextEra Energy makes up approximately 1.8% of Woodley Farra Manion Portfolio Management Inc.’s investment portfolio, making the stock its 26th largest holding. Woodley Farra Manion Portfolio Management Inc.’s holdings in NextEra Energy were worth $37,803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. D Orazio & Associates Inc. increased its position in shares of NextEra Energy by 19.2% in the third quarter. D Orazio & Associates Inc. now owns 3,555 shares of the utilities provider’s stock valued at $268,000 after acquiring an additional 573 shares during the last quarter. Pekin Hardy Strauss Inc. raised its holdings in NextEra Energy by 4.5% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 11,669 shares of the utilities provider’s stock valued at $881,000 after acquiring an additional 500 shares during the period. Clear Creek Financial Management LLC lifted its holdings in NextEra Energy by 1.1% during the 3rd quarter. Clear Creek Financial Management LLC now owns 20,902 shares of the utilities provider’s stock worth $1,578,000 after purchasing an additional 222 shares during the last quarter. Compass Wealth Management LLC acquired a new stake in shares of NextEra Energy during the third quarter worth $123,000. Finally, Wealth Alliance LLC boosted its position in shares of NextEra Energy by 1.6% in the third quarter. Wealth Alliance LLC now owns 35,696 shares of the utilities provider’s stock valued at $2,695,000 after acquiring an additional 564 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.1%

NEE stock traded up $0.12 during trading on Friday, reaching $91.76. The stock had a trading volume of 1,078,452 shares, compared to its average volume of 9,235,493. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $95.56. The company’s 50 day moving average is $84.55 and its two-hundred day moving average is $80.72. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $191.17 billion, a price-to-earnings ratio of 27.95, a P/E/G ratio of 2.82 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.NextEra Energy’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a dividend of $0.6232 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. NextEra Energy’s payout ratio is 69.00%.

Insiders Place Their Bets

In other news, CEO John W. Ketchum sold 99,603 shares of NextEra Energy stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $89.34, for a total value of $8,898,532.02. Following the completion of the transaction, the chief executive officer owned 305,933 shares of the company’s stock, valued at $27,332,054.22. The trade was a 24.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles E. Sieving sold 30,000 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the sale, the executive vice president directly owned 167,481 shares in the company, valued at $15,073,290. This trade represents a 15.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 159,049 shares of company stock worth $14,194,542. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Wells Fargo & Company raised their price objective on NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. The Goldman Sachs Group lifted their price objective on NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Erste Group Bank raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Wolfe Research increased their target price on NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.95.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.